According to the research report titled ‘Global Cosmetic Preservative Market Size study, by Product (Paraben esters, Formaldehyde donors, Phenol derivatives, Alcohols, Quaternary compounds, Organic acids, and Others), Application (Skin & sun care, Hair care, Toiletries, Fragrances & perfumes, Makeup &color, and Others) and Regional Forecasts 2021-2027’, available with Market Study Report, global cosmetic preservative market was valued at USD 312.47 million in 2020 and is reckoned to record a compound annual growth rate of 5.67 % over 2021-2027 to accumulate USD 459.7 million by the end of the analysis timeframe.
 

Increasing preference for herbal & natural cosmetic products, and rising demand for cosmetics with extended shelf-life are catalyzing the growth of global cosmetic preservative market. As per the CBI (Centre for Promotion of Imports from developing countries), the natural cosmetics market in Europe was valued at USD 4.25 billion in 2018.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3891254/
 

Rapid urbanization and improved standards of living are also adding substantial traction to industry revenue. Moreover, innovations in cosmetics sector as well as rising prevalence of organic skin care products are also fueling the market expansion.
 

It is to be noted that cosmetic preservatives are ingredients added to cosmetics in order to prevent microbe growth. They are mainly used in the form of antimicrobials, stabilizers, and antioxidants.
 

On the contrary, skin allergies and infections caused by chemicals like paraben, as well as increasing regulatory restrictions are likely to limit the development of worldwide cosmetic preservative over 2021-2027.
 

As per expert verbatim, Europe, North America, Latin America, and Asia Pacific are major contributors to industry remuneration. Among these, North America currently holds a major market share, owing to increasing penetration of functional cosmetics and beauty products.
 

Meanwhile, Asia Pacific industry is anticipated to grow significantly over the assessment period, accreditable to flourishing cosmetics sector, increasing demand for skin care products, and surging discretionary income.
 

Speaking of the competitive landscape, leading companies in worldwide cosmetic preservative industry sphere are Symrise AG, CHEMIPOL S.A., Salicylates and Chemicals Pvt. Ltd., BASF SE, Ashland Global Specialty Chemicals Inc., Clariant AG, Brenntag SE, The Dow Chemical Company, Akema S.r.l., and Lonza Group AG.